Bunge Limited (BG) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

August 2, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day and welcome to the Bunge Limited Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note today’s event is being recorded.

I would now like to turn the conference over to Ruth Ann Wisener. Please go ahead.

Ruth Ann Wisener

Thank you, operator and thank you for joining us this morning for our second quarter earnings call.

Before we get started, I want to let you know that we have slides to accompany our discussion. These can be found in the Investors section of our website at bunge.com under Events and Presentations. Reconciliations of non-GAAP measures to the most directly comparable GAAP financial measure are posted on our website as well. I’d like to direct you to Slide 2 and remind you that today’s presentation includes forward-looking statements that reflect Bunge’s current view with respect to future events, financial performance and industry conditions. These forward-looking statements are subject to various risks and uncertainties. Bunge has provided additional information in its reports on file with the SEC concerning factors that could cause actual results to differ materially from those contained in this presentation and we encourage you to review these factors.

On the call this morning are Greg Heckman, Bunge’s Chief Executive Officer; and John Neppl, Chief Financial Officer.

I’ll now turn the call over to Greg.

Gregory Heckman

Thank you, Ruth Ann. Good morning, everyone. I want to start by thanking the team for their dedication and focus throughout the quarter. Our performance proves that we can execute on big strategic moves like entering into our business combination agreement with Viterra while continuing to keep our eye on the ball operationally. We clearly had a lot going on over the past several quarters, and this team stayed sharp in our day-to-day business, delivering outstanding results and continuing to serve our customers at both ends of the value chain.

At the same time, we capitalized on this unique opportunity to enhance the Bunge franchise for the future. John and I, along with the entire leadership team, are extremely proud of this work. We continue to make progress on our combination with Viterra and filed our preliminary proxy statement in connection with the proposed transaction last week. We’re excited to bring our teams and assets together to create a premier Agribusiness solutions company built to address some of the most pressing needs of the 21st century across food, feed, and fuel.